Q3 EPS Estimate for Freeport-McMoRan Raised by Analyst

Freeport-McMoRan Inc. (NYSE:FCX) – Equities researchers at Raymond James Financial upped their Q3 2025 earnings per share (EPS) estimates for Freeport-McMoRan in a note issued to investors on Wednesday, August 20th. Raymond James Financial analyst B. Macarthur now forecasts that the natural resource company will post earnings of $0.58 per share for the quarter, up from their previous estimate of $0.57. The consensus estimate for Freeport-McMoRan’s current full-year earnings is $1.68 per share. Raymond James Financial also issued estimates for Freeport-McMoRan’s Q1 2026 earnings at $0.54 EPS.

Freeport-McMoRan (NYSE:FCX) last issued its quarterly earnings results on Wednesday, July 23rd. The natural resource company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.09. Freeport-McMoRan had a net margin of 7.45% and a return on equity of 7.37%. The business had revenue of $7.58 billion for the quarter, compared to the consensus estimate of $6.85 billion. During the same quarter in the previous year, the firm earned $0.46 earnings per share. The company’s revenue for the quarter was up 14.5% on a year-over-year basis.

FCX has been the topic of a number of other research reports. Royal Bank Of Canada lifted their target price on shares of Freeport-McMoRan from $52.00 to $54.00 and gave the company a “sector perform” rating in a research note on Wednesday, June 4th. Hsbc Global Res downgraded Freeport-McMoRan from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 22nd. BMO Capital Markets lowered their price objective on Freeport-McMoRan from $55.00 to $54.00 and set an “outperform” rating on the stock in a research report on Thursday, July 24th. Stifel Nicolaus assumed coverage on Freeport-McMoRan in a report on Wednesday, July 9th. They issued a “buy” rating and a $56.00 price target on the stock. Finally, UBS Group cut Freeport-McMoRan from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $45.00 to $50.00 in a report on Friday, July 11th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $51.00.

Freeport-McMoRan Stock Up 0.9%

FCX opened at $43.68 on Monday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.21 and a current ratio of 2.47. Freeport-McMoRan has a fifty-two week low of $27.66 and a fifty-two week high of $52.61. The firm’s fifty day moving average is $43.08 and its 200 day moving average is $39.49. The stock has a market cap of $62.71 billion, a price-to-earnings ratio of 33.09, a price-to-earnings-growth ratio of 0.82 and a beta of 1.63.

Institutional Investors Weigh In On Freeport-McMoRan

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FCX. Portside Wealth Group LLC lifted its holdings in shares of Freeport-McMoRan by 0.8% during the second quarter. Portside Wealth Group LLC now owns 30,333 shares of the natural resource company’s stock valued at $1,315,000 after acquiring an additional 245 shares during the period. Hollencrest Capital Management increased its position in shares of Freeport-McMoRan by 0.6% during the 2nd quarter. Hollencrest Capital Management now owns 45,133 shares of the natural resource company’s stock worth $1,957,000 after purchasing an additional 250 shares in the last quarter. Waterloo Capital L.P. lifted its holdings in Freeport-McMoRan by 3.9% during the 2nd quarter. Waterloo Capital L.P. now owns 6,658 shares of the natural resource company’s stock valued at $289,000 after purchasing an additional 251 shares during the last quarter. Strengthening Families & Communities LLC boosted its position in Freeport-McMoRan by 0.6% in the second quarter. Strengthening Families & Communities LLC now owns 42,617 shares of the natural resource company’s stock valued at $1,822,000 after buying an additional 261 shares in the last quarter. Finally, WealthCollab LLC boosted its position in Freeport-McMoRan by 17.1% in the second quarter. WealthCollab LLC now owns 1,820 shares of the natural resource company’s stock valued at $79,000 after buying an additional 266 shares in the last quarter. 80.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CAO Ellie L. Mikes sold 8,584 shares of the company’s stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $40.02, for a total transaction of $343,531.68. Following the sale, the chief accounting officer directly owned 48,333 shares of the company’s stock, valued at $1,934,286.66. This represents a 15.08% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.79% of the stock is owned by company insiders.

Freeport-McMoRan Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 1st. Stockholders of record on Tuesday, July 15th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.4%. Freeport-McMoRan’s dividend payout ratio (DPR) is 22.73%.

Freeport-McMoRan Company Profile

Freeport-McMoRan Inc engages in the mining of mineral properties in North America, South America, and Indonesia. It primarily explores for copper, gold, molybdenum, silver, and other metals. The company's assets include the Grasberg minerals district in Indonesia; Morenci, Bagdad, Safford, Sierrita, and Miami in Arizona; Chino and Tyrone in New Mexico; and Henderson and Climax in Colorado, North America, as well as Cerro Verde in Peru and El Abra in Chile.